Microfluidic Device Market Forecast to Reach $5.7B by 2018

Published on September 4, 2013 at 1:42 AM

Research and Markets has announced the addition of the "Microfluidic Applications in the Pharmaceutical, Life Sciences, In-Vitro Diagnostic and Medical Device Markets Report 2013" report to their offering.

How life science and in vitro diagnostics applications are driving an impressive 27% growth for the microfluidic device market.

The microfluidic device market is expected to reach $5.7B by 2018!

The microfluidic device market will grow swiftly, from $1.4B in 2013 to $5.7B by 2018. This impressive 27% growth will be fueled mainly by Pharmaceutical research and Point-of-Care applications.

Facing new challenges, the healthcare industry is currently moving toward personalized medicine. In this context, the line between traditional markets (pharmaceutical and in vitro diagnostic markets) has blurred. More than ever, rapid, accurate tests are needed to increase pharmaceutical research yield and better monitor/cure patients.

By offering innovative solutions, microfluidic technologies have successfully managed to fill the gap. This new Yole Développement report provides a complete analysis of microfluidic device markets and technologies. Based on an accurate investigation of the last three years' events, this report consolidates market data from 2010-2012 and provides forecasts for 2013-2018.

Objectives of the report

To provide a complete analysis of microfluidic devices, applications, markets and technologies. Thanks to an exclusive market segmentation, both market trends and main players are presented for each product category.

To cover the microfluidics device and final diagnostic test markets for a better understanding of how value is spread across the supply chain.